May 18, 2022 | Austin, Texas Press release

Gov. Greg Abbott made a remark today at the $ 30 billion Texas Instruments (TI) capital bookmarking ceremony in Sherman. Last year, Governor Abbott announced that TI had selected Sherman as the location for its next 300-mm plants with the capacity of up to four plants on site to meet demand over time. During the championship bookmarking ceremony, Governor Ebat thanked local officials for their hard work in bringing TI to Sherman and noted the importance of TI’s investment in Texas. Governor Abbott also presented TI with a proclamation and a Texas state flag in memory of the new facility.

The ceremony was joined by the governor, TI President, Chairman and CEO Rich Templeton, Senator Drew Springer, Reggie Smith, Grayson County Judge Bill Magers, Sherman Mayor David Plailer and other local community leaders.

“In the midst of a global chip shortage, TI’s historic, long-term investment in Sherman will expand Texas’ global economic influence and benefit Americans across the country by strengthening our domestic semiconductor supply chain, ”Governor Abbott said. “This new plant will be a boon to the hardworking people of North Texas, and I thank TI for their continued investment in Lone Star as we develop our growing advanced technology industry and keep our state a national leader in semiconductor manufacturing.”

“Today is an important milestone as we lay the foundation for the future growth of semiconductors in electronics to sustain our customers’ demand for decades to come, ”said Rich Templeton, TI Chairman, President and CEO. “Since its founding more than 90 years ago, we have worked hard to create a better world, making electronics more affordable through semiconductors. TI is pleased to introduce Sherman’s advanced 300-mm semiconductor manufacturing. ”

TI was founded in Dallas in 1930 and has additional locations in Richardson and Sugar Land. Ranked 210th on the list of Fortune 500 companies, TI is one of the largest employers in the state and the only semiconductor company headquartered in Texas.

Learn more about TI.

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